Search Results - subject:"Probability weighting"

Probability weighting, stop-loss and the disposition effect

Henderson, Vicky; Hobson, David G.; Tse, Alex S. L. - In: Journal of economic theory 178 (2018), pp. 360-397

Persistent link: https://www.econbiz.de/10012026410

Prospect theory and corporate bond returns : an empirical study

Zhong, Xiaoling; Wang, Junbo - In: Journal of empirical finance 47 (2018), pp. 25-48

Persistent link: https://www.econbiz.de/10012103496

Probability interference in expected utility theory

Charles-Cadogan, G. - In: Journal of mathematical economics 78 (2018), pp. 163-175

Persistent link: https://www.econbiz.de/10012105561

Consistency of determined risk attitudes and probability weightings across different elicitation methods

Bauermeister, Golo-Friedrich; Hermann, Daniel; … - In: Theory and decision : an international journal for … 84 (2018) 4, pp. 627-644

Persistent link: https://www.econbiz.de/10011942525

Tests des modèles de décision en situation de risque : le cas des parieurs hippiques en France

Charpin, Ariane - In: Revue économique : revue bimestrielle 69 (2018) 5, pp. 779-803

Persistent link: https://www.econbiz.de/10011960118

Eliciting public risk preferences in emergency situations

Taheri, Ehsan; Wang, Chen - In: Decision analysis : a journal of the Institute for … 15 (2018) 4, pp. 223-241

Persistent link: https://www.econbiz.de/10011964135

Insurance and Probability Weighting Functions

Dhami, Sanjit; al-Nowaihi, Ali - Department of Economics, Leicester University - 2005

dependent utility (RDU) and cumulative prospect theory (CP), use probability weighting functions. Existing probability weighting … is contrary to the evidence. Second, we introduce a new class of probability weighting functions, which we call higher … order Prelec probability weighting functions, that incorporate (i) and (ii). Third, we show that if RDU or CP are combined …

Persistent link: https://www.econbiz.de/10005422703

The missing link: Unifying risk taking and time discounting

Epper, Thomas; Fehr-Duda, Helga - 2012

Almost all important decisions in people's lives entail risky and delayed consequences. Regardless of whether we make choices involving health, wealth, love or education, almost every choice involves costs and benefits that are uncertain and materialize over time. Because risk and delay often...

Persistent link: https://www.econbiz.de/10010316850

Measuring risk aversion with lists: A new bias

Bosch-Domènech, Antoni; Silvestre, Joaquim - 2012

Various experimental procedures aimed at measuring individual risk aversion involve a list of pairs of alternative prospects. We first study the widely used method by Holt and Laury (2002), for which we find that the removal of some items from the lists yields a systematic decrease in risk...

Persistent link: https://www.econbiz.de/10010318839

Allais, Ellsberg, and preferences for Hedging

Deany, Mark; Ortolevaz, Pietro - 2012

We study the relation between ambiguity aversion and the Allais paradox. To this end, we introduce a novel definition of hedging which applies to objective lotteries as well as to uncertain acts, and we use it to define a novel axiom that captures a preference for hedging which generalizes the...

Persistent link: https://www.econbiz.de/10010284079